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Interest Rates - Loans & Advances

LENDING RATE STRUCTURE (Linked to BPLR Rate) (w.e.f. 21.06.2017)

 

BPLR =14.00 % p.a

 

 

ANNEXURE-I

 

1.       Agricultural Sector:-

  1. a.      Agriculture production Credit

Particulars

Lending Rate

Agriculture production Credit/Kisan Credit Card up to Rs 3 Lakh

7% p.a. ( for regular accounts)

Agriculture production Credit/Kisan Credit Card

BPLR– 2% = 12.00%

 (Normal Rate of interest)

Note:  Interest is 7% p.a. in the regular Crop Loan/KCC accounts on running balance outstanding up to Rs. 3 Lakh. On irregular accounts/outstanding beyond Rs. 3.00 Lakh, normal rate of interest is to be charged.

  1. b.      Agriculture Term Loan

Particulars

Lending Rate

Agri. Term loans

BPLR–2.00% =12.00%

Loan for Farm Mechanization: (Tractor, Harvester, Power Tiller etc):

BPLR- 1.50 %=12.50 %

 

  1. 2.      Small Enterprises Advances (MSE) including trading advances covered under MSME Act.

 

  1. a.      Loan covered under MUDRA Scheme:-

Particulars

Lending Rate

Up to Rs 50000/-

BPLR –4.40% = 9.60

Rs 50001/- to 200000/-

BPLR –3.80% = 10.20

Rs 200001/- to 10.00 Lakh

BPLR – 2.00% = 12.00%

    Note : All Non Farm activities upto Rs. 50000/- to be covered under Mudra.

  1. b.       Loan to Micro & Small Enterprises not covered under MUDRA Scheme.

Particulars

Lending Rate

Advances over Rs. 50000/- but up to Rs. 20 Lakh

BPLR-2.00% =12.00 % (Loan up to 10.00 Lakh to be covered under MUDRA)

Advances over Rs. 20 Lac but up to Rs. 50 Lakh

BPLR-2.00% =12.00 %

Advances Over Rs. 50 Lakh

BPLR- 2.00% =12.00%

  1. Trading Advances covered under MSME (Other than that covered under MUDRA Loan) :-

In order to encourage collateral based lending in trading advances mentioned above, additional reduction will be given in ROI on the basis of collateral security available as under:

Realizable Value of Collateral Security

Lending Rate

Upto 50% of Loan Amount

BPLR-2.00%= 12.00%

Above 50% &  upto 75% of Loan Amount

BPLR-2.25%= 11.75%

Above 75% &  upto 100% of Loan Amount

BPLR-2.50% = 11.50%

Above 100% &  upto 125% of Loan Amount

BPLR-2.75%= 11.25%

Above 125% &  upto 150% of Loan Amount

BPLR-3.00%= 11.00%

Above 150% &  upto 200% of Loan Amount

BPLR-3.25%= 10.75%

Above 200% of Loan Amount

BPLR-3.50%= 10.50%

Note:-

  • The benefit of additional reduction in ROI based on collateral security shall be given only in those cases where the limit/facility is secured by primary security. For this purpose, Primary security shall be the asset created out of the credit facility extended to the borrower and /or which are directly associated with the business/project of the borrower for which the credit facility has been extended and collateral security shall be any other security offered for the said credit facility.
  • It is to be ensured that above reduction in ROI is only for the advances secured by way of tangible collateral security. 2nd charge, negative lien & charge on agriculture land are not to be considered as collateral security for the purpose of reduction.

 

 

  1. 3.       Trading Advances not covered under MSME Act

Particulars

Lending Rate

  1. Upto Rs.2 lakh

BPLR -0.50 % = 13.50%

  1. Above Rs.2 lac & upto Rs.50 lakh
  2. Above Rs.50 lakh
    1. 4.       Doctors Loan (Financing Professionally Qualified Medical Practitioners)
 

Particulars

Lending Rate

a) Advances up to Rs. 20.00 Lakh

BPLR-3.00 % = 11.00%

b) Advances over Rs. 20.00 Lakh

BPLR-2.75% = 11.25 %

 

  1. 5.       Financing for Godown:-

Particulars

Lending Rate

(a) Financing under capital Investment Subsidy Scheme for construction/renovation expansion of rural Godowns:

BPLR- 1.50 %=12.50 %

(b) Advances for construction of Godowns as per FCI/CWC specifications:

BPLR- 1.50%=12.50 %

 

  1. 6.       Financing against pledge of warehouse receipts issued by CWC having forward sale contract with members/brokers of NMCE:

Particulars

Lending Rate

(a)     Upto 2 Lakh

BPLR-1.00% =12.00 %

(b)     Over Rs. 2 Lakh

BPLR -1.50% =12.50 %

 

  1. 7.       Advances to Food and Agro-based processing units i.e. Rice Sheller units/cold Storage Units/Seed Processing Units/Flour Mills/Oil Mills and Advance to units engaged in Food and Agro Processing Activities like manufacturing/processing of pluses, Dal, Suzi, Besan etc. & its allied activities provided that the advances are covered under priority Sector:

Particulars

Lending Rate

(a)     Upto 20 Lakh

BPLR-1.50%=12.50 %

(b)     Over Rs. 20 Lakh

BPLR -1.00%= 13.00 %

 

  1. 8.       Advances under ‘Self Help Group Scheme (SHGs):

 

Particulars

Lending Rate

A) Loan to WSHGs under NRLM (for Category I District) and NULM up to Rs. 3.00 Lac

7.00 %

B) Loan to WSHGs under SRLM (for Category II District)

BPLR-1.50%=12.50%

C) Loan to SHGs other than mentioned above

BPLR-1.50%=12.50%

 

  1. 9.       Financing Solar Water Heater Systems & Solar Lighting & Solar Photo vatic Water Pumping System etc.:

BPLR -2.00 % = 12.00%

  1. 10.    (a)Advances to Commercial Real Estate:

Particulars

Lending Rate

a)       Advances upto Rs. 2 Lakh

BPLR-0.50 % = 13.50 %

b)       Advances over Rs. 2 Lakh

BPLR  = 14.00 %

(b) Advances against future lease rentals (Non-CRE category)

Particulars

(Realizable value of collateral security)

Lending Rate

Upto Rs 10 Lakh

Above Rs 10 Lakh & upto Rs 1 Crore

Upto 100 % of Loan Amount

BPLR-3.00%=11.00 %

BPLR-3.50%=11.50%

Above 100% and upto 150% of Loan Amount

BPLR-3.25%=10.75 %

BPLR-2.75%=11.25%

Above 200%  of Loan Amount

BPLR-3.50%=10.50 %

BPLR-3.00%=11.00%

 

 

  1. 11.    Financing dealer for purchase of vehicles from RMCs:

BPLR-0.75% = 13.25%

  1. 12.    Advances to other categories of borrowers including NBFCs, Sugar Units, Services Sector & Advances to medium & large enterprises:

The interest rates for advances to borrowers, for which rates have not been specified elsewhere in the circular, shall be fixed as under:-

Particulars

Lending Rate

Advances upto Rs. 20 Lakh

BPLR-1.00% = 13.00%

Advances above Rs. 20 Lakh

BPLR -0.50= 13.50%

 

  1. 13.    Adhoc Limits: In case of Adhoc limits, interest @ 2% above normal rate applicable to the borrower be charged        

 

  1. 14.    Transport Operators:

 

Particulars

Lending Rate

Advances upto Rs. 20 lakh

BPLR- 2.50% = 11.50 %

Advances over Rs. 20 lakh

BPLR-2.00% = 12.00 %

 

  1. 15.    Bank Premises:  

Particulars

Lending Rate

Advances upto Rs.2 lakh

BPLR – 2.50% = 11.50%

Advances above Rs.2 lakh

BPLR – 2.00% = 12.00%

In case of terms Loans sanctioned for Bank premises, the contractual rate of interest stipulated at the time of sanction of the loan be charges and periodical revision of interest rates in such advances should not be made.

  1. 16.    Advances Against:

Particulars

Lending Rate

a) Life Insurance Policies (LIP) / Postal securities (NSC/KVP/IVP)/RBI relief Bonds

*****

    I. Demand Loan

BPLR – 2.50 %= 11.50 %

    I. Overdraft

BPLR – 2.00= 12.00 %

b) Other Govt. Securities, Bonds, Units of Mutual Fund, etc.

BPLR-0.5% = 13.50%

 

  1. DRI Advances:-                   4.00 % ( Exempted from BPLR)          

 

  1. Clean Advances:-               BPLR + 0.50% = 14.50%

 

 

 

  1. 19.    Advances Against Bank’s Own Deposits (exempted from BPLR):

Particulars

Existing Lending Rates

Rupee Loan & Advances against Term Deposits standing in the name of Individual borrower (singly/jointly or as a guardian), including NRE deposits

2% above the rate allowed on deposit

Advances to Borrowers against third party term deposits including NRE deposits standing in the name of individuals or entities other than individuals e.g. Partnership Concerns, Societies, Trusts, Public/ Private Ltd Cos etc.

2% above the rate allowed on deposit,

Rupee Loans & Advances against FCNR(B) Deposits standing in the name of the borrower (singly/jointly or as a guardian), Advances against term deposits held by the bank for less than minimum stipulated period of FDR (on cancellation) and for

2% above the rate allowed on deposit subject to minimum BPLR

Advances against third party FCNR(B) deposits

BPLR +0.25% = 14.25%

 

  1. Intermediary Agencies:

Particulars

Lending Rates

Term Loans sanctioned and working Capital Advance to intermediary Agencies (including Housing Finance Agencies)

 

BPLR-0.50=13.50%

 

 

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ANNEXURE-II

  1. 1.                   LENDING RATE STRUCTURE FOR RETAIL SEGMENT

Housing Finance to individuals under Floating Rate Option:-

 

Particular

Loan Upto Rs 30 Lakh

Loan Above 30 Lakh and upto 75 Lakh

Loan Above  75 Lakh

Women

Other 

Women

Other 

Women

Other 

All

 

 

8.30

 

8.40

8.45

8.55

8.50

8.60

OD HL

9.75

9.75

9.75

* Housing Loan under fixed rate option bear additional rate of 0.50% over Floating rate on all slabs as mentioned above.

  1. 2.                   Loan against mortgage of Immovable Property:-

Particulars

Lending Rate

Less than 3 Year

BPLR-2.90%= 11.10%

3 Year & Above

BPLR-2.40%= 11.60%

 

  1. 3.                   Car Loan:-

Floating Rate-

Particulars

Lending Rate

Women (Floating)

9.10

 

 

Others  (Floating)

 

To Individual/Corpoarate where CIC Score Above 700/Where collateral security (IP or Liquid Security) available upto 100% and above

 

 

9.10

Others upto 7 year

9.30

Fixed Rate to all Category

9.30

 

  1. 4.                   Two-wheeler Loans:-

            Less than 3 Yrs

3 Yrs & above

BPLR – 2.50 % = 11.50 %

BPLR- 2.00%  = 12.00%

 

  1. 5.                   Personal Loan including old variants:-
  2. For Public
 

Lending Rate

i. Individuals whose salary is being disbursed through our branches as also those employees who are availing the loan under check-off facility

BPLR- 1.50% = 12.50 %

  1. For others

BPLR – 0.75% = 13.25 %

  1. For Defence Personal only

 

  1. Individuals whose salary is disbursed through branch

BPLR - 1.75% = 12.25%

  1. For others

BPLR - 1.25% = 12.75 %

 

  1. 6.       Education Loan:-

 

  1. A.      Education Loan Scheme/ MBGB-Sarvottam/MBGB-Udaan

Particular

Period Slab

Lending Rate

Upto Rs 4 Lakh

Less than 3 Year

10.35

 3 Year and Above

10.35

Above 4 lakh & upto Rs 7.50 Lakh

Less than 3 Year

10.35

 3 Year and Above

10.35

Above  Rs 7.50 Lakh

Less than 3 Year

10.95

 3 Year and Above

10.95

*Loan irrespective of amount (where 100% tangible collateral security in the shape of IP, enforceable under SARFAESI act, and /or liquid security is available

 

9.45

                                  

  1. B.      Education Loan Scheme- MBGB Pratibha

Particular

Institute Category

Lending Rate

Upto Rs 7.50 Lakh

IIM/IIT

8.40

Others

8.50

Above Rs 7.50Lakh

IIM/IIT

8.35

Others

8.45

 

  1. C.      Education Loan Scheme-  Bihar Student Credit Card

Particular

Lending Rate

Upto Rs 4.00 Lakh

10.35

 

  1. D.      Education Loan Scheme-  MBGB Kaushal Vikas

Particular

Lending Rate

            MBGB Kaushal Vikas

9.85

 

Note- All Existing loan sanctioned under MBGB Vidhyadayani Scheme, interest Rate will be charged as per Revised Rate of Sarvottam Scheme.

Important Points for schemes mentioned in Annexure I & II.

  • Any additional discount in the above interest rate will be admissible as per the Loan & Advances Circular No.04/2017 (Credit Management and Risk Policy) dated 19.04.2017.
  • Term premia @ 0.50% to be added for loans repayable in more than three years in case of MSE advances and Agriculture Term Loan.

 

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Annexure III

Advances to Members of Staff (Exempted from BPLR):-

Particulars

Lending Rate

  1. Jawellery

BPLR-1.25%=13.75% (Compounded)

  1. Life Insurance policies/Postal securities(i.e NSC/KVP/IVP)/RBI Relief Bonds

BPLR-2.00%=12.00% (Compounded)

  1. Conveyance Loan

 

(i)       Officer Loan

 

(a)     Car Loan -  upto the ceiling prescribed in the scheme

7.00% (Simple) for all ceiling. w.e.f 11.07.2016

 

(b)     Other modes of conveyance viz. Scooter/motor Cycle/Mopeds

7.00% (Simple) for ceiling prescribed in scheme. w.e.f 11.07.2016

(c)     Additional loan for purchase of two-wheeler

As applicable to public (best borrowers)

(f) Additional Loan for purchase of Car

As applicable to public (best borrowers)

(g) Loan for purchase of two-wheeler under public scheme

As applicable to public

(ii)                 Workmen Staff

 

(a)     Car Loan

7.00% (Simple) for ceiling prescribed in Award Staff car Loan scheme. w.e.f 11.07.2016

(b)     Scooter/MC/Moped

7.00% (Simple) for ceiling prescribed in Award Staff car Loan scheme. w.e.f 11.07.2016

(c)     Additional Loan for purchase of Scooter/Motor Cycle/Moper

As applicable to public (best borrowers)

 (d) Loan for purchase of two-wheeler under public scheme

As applicable to public

D. Festival Loan (All staff)

Free of interest

E. Advances against units of UTI and other Mutual Funds approved as per Bank’s scheme

BPLR-2.00%=12.00% (Compounded)

F. Advance against Govt. Securities

BPLR-1.50%=12.50% (Compounded)

G. Advances against bank’s own deposits

 

(a)     Advances upto Rs. 3 Lakh

At the same rate as allowed on the relevant deposit held by the member/honourably retired ex-members of the staff singly or jointly with their spouse or children and widows of staff singly.

(b)     Advances over Rs. 3 Lakh

As applicable to public

(H) Scheme of Clean Overdraft facility

10.25%  w.e.f 01.05.2014

(I) Housing Loan Scheme for Staff

 

  (a) Housing Loan to Sub Staff up to Rs. 16 Lac

6.75 % Simple w.e.f 11.07.2016

  (b) Housing Loan to Clerical Staff up to Rs. 24 Lac

6.75 % Simple w.e.f 11.07.2016

  (C) Housing Loan to Officers up to Rs. 40 Lac

6.75 % Simple w.e.f 11.07.2016